Menachem Wilhelm Acquires East Flatbush Multifamily For $4.25M

The multifamily property located at 491-503 East 52nd Street in East Flatbush, Brooklyn was sold on March 12, 2021. The property is categorized as R5 and has a lot size of 12,000 square feet, with dimensions of 80 ft x 140 ft. The building has a total square footage of 41,640 and a building square footage (BSF) of 15,000. The price for this transaction was $4,250,000, resulting in a price per building square foot (PPBSF) of $283, and a price per square foot (PPSF) of $102.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $4,250,000
• Market: East Flatbush, Brooklyn

The buyer for this transaction is Menachem Wilhelm, while Christopher Swan is the seller. The property has a floor area ratio (FAR) of 3.47 and is classified under tax class 2. Additionally, the property had permits for alteration type 2, issued on October 15, 2014.